Saudi Arabia: Qassim Cement Company (QCC) has successfully completed the acquisition of Hail Cement Company (HCC) for US$378m. The transaction, initially announced on 25 September 2022, involved increasing QCC's capital to facilitate the acquisition of all HCC shares. The acquisition follows a binding implementation agreement reported by HCC on the Saudi Exchange.
Qassim Cement completes acquisition of Hail Cement for US$378m
URL: https://www.globalcement.com/news/item/17502-qassim-cement-completes-acquisition-of-hail-cement-for-us-378m
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